American Way of Developing Economy. Will Russia Follow it ?

1. American Way of Developing Economy. Will Russia Follow it? The Author: Kopytov Igor 10 “a” form Gymnasium №70

2. Reasons for choosing this theme • Today the USA play an important role in economic, political and cultural life of the world • Many countries with transition economy try to simulate this American economic system • Today Russia faces the problem of choosing its way of future economic development and many economists are inclined to think that it should be an American one

3. Main Tasks • To study the history of American economy and to learn some new facts about it • To make conclusions about advantages and disadvantages of American economic system • To find out what lessons our government should have from the USA’s mistakes

4. Content of the Project Work

5. Advantages of the USA’s economy • Among the international supermonopolies most of all American • With the help of tax privileges and the credit it encourages growth of the newest industries • The USA take priority in productivity of labour and in the majority of the high technology manufactures

6. U.S. Agriculture The amount of agricultural production of the USA surpasses any other country of the world.

7. Sphere of services • A very great development was achieved in the sphere of non-material manufacturing and services which nowadays concentrate 2/3 of all industries.

8. Disadvantages of American Economy • Current international trade developments in areas such as foreign competitiveness and import/export policies have posed tough problems for the United States’ economy. • Economic developments on the domestic front also create challenges for U.S. business and industry. • One serious problem that hampers economic growth domestically is the enormous federal budget deficit.

9. Negative sides of American Agriculture Negative Sides of American Agriculture Farming has become too productive to be profitable to many American farmers.

10. What can Russia take? Features of the USA’s economy that can be taken at formation of Russian economic model: 1. Prevalence of small and average business in system of free business 2. All-round encouragement of enterprise activity 3. Two independent branches of social security: state and private 4. An active role of the state in economy.

11. Social Questioning: Question 1 What is your opinion about American economic system in general? • Really perfect • Good, but there are some difficulties to correct • Not really good, with many serious problems

12. Social Questioning: Question 2 What is the main feature to take from American economy at formation of Russian economic model? • Prevalence of small business • All-around encouragement of enterprise activity • Two independent brunches of social security: state and private • An active role of state in economy

13. Social Questioning: Question 3 What’s your opinion about the situation in American economy in the nearest future? • Nothing will change • Big crises will take place in 1-2 years • It will become only better and stronger

14. Conclusion • Today American economy is really good, but not perfect • Russia can take some distinctive features of American economy at formation of its economic model • Economists don’t believe in success of the USA in economy in the nearest future. Thanks for listening